Wednesday, August 26, 2009

Rigistration of partnership firms.

Particular partnership:

When a person becomes a partner with another person or persons in a particular adventure or undertaking. Such a partnership is known as particular partnership.it comes to an end as soon as that adventure completed.

Registration of firms:

The partnership act does not provide for the compelsary registration firms. It has left it to the option of the firms to get themselves registered. But indirectly. By creating certain disabilities from which an unregistered firm suffers.

Procedure of registeration:

The registration of a firm may be effored at any time by filling an application in the firm of the statement,giving the necessary information, with the register of firms of the area.

The application for registration of a firm shall be accompanied by the prescribed fee. It shaal state:

1.the name of the firm.

2.the place or principle place of business of the firm.

3.the names of other places where the firm carries on business.

4.the date when each partner joined the firm.

5.the names in full ans permanent addresses of the partnership.

6.the duration of the firm.

The statement shall be signed by all the partners or by their agents specially authorized in the behalf.

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